Australia's Allkem gains on mineral resources estimate hike for Canada project

Allkem

11/08/2023 01:52

** Shares of Allkem  AKE.AX  rise as much as 3.7% to A$15.03
- set for best day since July 26, if gains hold
    ** Lithium miner says mineral resources estimate increased
by 173% to 110.2 mt at its James Bay lithium project in Québec,
Canada
    ** AKE stock hits its highest level since Aug 1
    ** Stock up 29% YTD, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))